Stem, a global leader in smart energy and storage solutions driven by artificial intelligence, has been awarded with 38 megawatt-hours in projects for low-income and disadvantaged communities in California, the company announced this Tuesday.
The projects involve the company and several of their sales partners like Mynt Sys. and Onyx Renewable Partners; awards were given by the California Self-Generation Incentive Program (SGIP) Non-Residential Equity lottery; in its December 2020 edition.
SGIP is a budget program which supports distributed energy resources for disadvantaged and low-income communities in the state of California. Projects awarded in December, and prior awarded in May 2020 edition total for 82 MWh of storage capacity that the company will deliver.
The sum of all is equal to 41% of al Non-Residential Equity capacity awarded for energy storage in all of 2020; according to the company’s statement. Also, they amount to more than $25 million of smart energy deployments.
“Systems to be developed include large-scale behind-the-meter (BTM) deployments larger than 5 MWh each; as well as various solar plus storage and backup solution deployments for state and local governments, educational institutions, nonprofits, and small businesses,” Stem’s announcement reads.
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Seven of Stem’s sales partners in California will develop the projects; four of them have never deployed SGIP projects before, which talks about the leading role Stem has acquired in the smart energy storage market.
About the matter, John E. Carrington, company’s CEO, commented: “The results of this latest SGIP award process are further validation of the demand for smart storage solutions delivered by Stem and our partners. Our smart storage capabilities enabled by our AI-powered software platform Athena™ will manage these newly awarded sites to provide grid reliability, resilience, and most importantly, energy cost savings to disadvantaged and low-income California communities.”
“As we enter 2021 and complete our transformation to becoming a publicly traded company; we are well-positioned to further our leadership in the energy storage market, capitalize on new growth opportunities, and continue to advance our Athena™ platform,” he concluded.
Mynt Sys. was awarded with 5,8MWh, while Onyx Renewable Partners was awarded with 7,4 MWh. “Stem’s experience in the storage market and advanced Athena™ intelligent storage technology will make it possible for us to deliver impactful projects that allow school districts to benefit from the incentives that will positively impact their students,” said Ja Kao, Onyx’s CEO.